---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-279796"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-07T23:54:05.343108+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LPL Financial closes $750M 6.750% Senior Notes due 2028; proceeds to repay revolver

## Summary
- $750M aggregate principal of 6.750% Senior Notes due November 17, 2028.
- Interest payable semi-annually on May 17 and November 17, starting May 17, 2024.
- Net proceeds to repay outstanding revolving credit facility borrowings and for general corporate purposes.
- Notes are fully and unconditionally guaranteed on a senior unsecured basis by LPL Financial Holdings Inc.
- Make-whole redemption at T+35 bps prior to Oct 17, 2028; thereafter at par.

## SEC filing metadata
- accession: 0001193125-23-279796
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312523279796/0001193125-23-279796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312523279796/d544123d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-279796
- JSON: https://secwatch.observer/filing/0001193125-23-279796.json
- Plain text: https://secwatch.observer/filing/0001193125-23-279796.txt

## Key facts
- Debt Financings
  LPL Financial Holdings Inc. incurred senior notes of $750 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.750% per year maturing November 17, 2028.
  - Instrument: senior notes
  - Principal: $750 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 6.750% per year
  - Maturity: November 17, 2028
  - Event: incurrence
  source text: On November 17, 2023, LPL Holdings, Inc. (the “Company”), a wholly-owned subsidiary of LPL Financial Holdings Inc. (the “Guarantor”), completed the issuance and sale of $750 million aggregate principal amount of 6.750% Senior Notes due 2028 (the “Senior Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000119312523279796/0001193125-23-279796-index.htm
- Material Agreements
  LPL Financial Holdings Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $750 million (effective 2023-11-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Value: $750 million
  - Effective: 2023-11-17
  source text: On November 17, 2023, LPL Holdings, Inc. (the “Company”), a wholly-owned subsidiary of LPL Financial Holdings Inc. (the “Guarantor”), completed the issuance and sale of $750 million aggregate principal amount of 6.750% Senior Notes due 2028 (the “Senior Notes”). The Senior Notes were issued pursuant to an Indenture, dated November 17, 2023, among the Company, the Guarantor and U.S. Bank Trust Company, National Association, as trustee (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated November 17, 2023 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000119312523279796/0001193125-23-279796-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.